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What a week! The widely predicted blue wave of Democrats sweeping into the White House, taking over the Senate majority, and increasing their dominance in Congress has failed to materialize.
\\nAs far as the stock market is concerned, a divided government is a plus because not a lot will change in the way of tax policy and regulations.
\\nInvestor optimism is not shared by Federal Reserve officials who expressed ongoing concern about the economy and the recent uptick in COVID-19 cases in today\\u2019s Federal Open Market Committee policy announcement.
\\n\\u201cThe COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year... \\u201c
\\n\\u201cThe path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.\\u201d
\\nOngoing Fed stimulus is another reason Wall Street is bullish.
\\nAt WEALTHTRACK we realize that we do not invest in a vacuum. What is happening in the world around us affects the markets and companies we invest in, which is why macro matters.
\\nThis week, in part 2 of our interview with financial thought leader, Jason Trennert we are going to identify some of the biggest trends that have been forming around us and are gaining momentum.
\\nMassive stimulus, big government, low-interest rates are three of the megatrends moving markets. Jason Trennert lists their winners and losers.
\\nWEALTHTRACK #1719 broadcast on November 06, 2020
\\nMore info: https://wealthtrack.com/leading-strategist-jason-trennert-identifies-the-powerful-long-term-macro-trends-driving-the-markets/
\\nFederal Open Market Committee policy announcement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20201105a.htm
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